888-265-5074 - Whose number is this?
Date: Tue, 06/10/2008 - 11:39
I am in a situation with a payday loan and need some quick advice or help.
I took a Payday loan for $300 from Loanshop Online in October 2007. I made several payments on the loan, but had not paid the loan off completely. Recently we defaulted on the loan, due to a bad financial situation, and were not able to make payments. I did try to make payments, but I had to put things like electricity and food before payday loan payments. I was contacted on June 2, and told that if I do not pay the balance by 4 PM that day ($300) they will proceed with a judgment against me. I told them that I was able to make payments of $100 every 2 week. They said there was absolutely no way they could hold the account and that "their hands were tied" as far as holding it another 5 days. They told me to "check my resources" and if I did not have the payment in by 4 PM, I would have to deal with the consequences. They also told me that they would no longer be able to discuss the debt with me, it would have to be my attorney (I do not have an attorney). I was told that my file would be sent out to the court if I did not have a payment in by 4 PM June 2. I told them there was no way I could make that payment that day, they hung up on me.
On Friday, June 6, I receive another call from them - even after telling me they could no longer hold the account, and that they would no longer be able to speak to me - asking again for the balance. Again I told them I could pay $100 every 2 weeks beginning June 15. They would not accept that arrangement, and insisted I pay $250 on the 13th and 20th of June. I told them I could absolutely not do that and again offered to pay $100 every 2 weeks, and was told no.
Today, June 10, I received another phone call at work. They are now leaving me voicemails saying that it is very urgent that I contact them before 4 PM today.
I know a little bit about laws and know that they cannot garnish my wages without a judgment. I also know they cannot send me to jail for not paying a payday loan. I am more than willing to pay this debt. I acknowledge that I owe it. I explained that I am willing to start paying $100 every 2 wks, but they would not accept that.
Is Loanshop all talk, or do they pursue judgments? What should I do - they will not accept my arrangements that I can afford and only offer large payment options. Should I just start sending in the money I can pay and see what happens?
I took a Payday loan for $300 from Loanshop Online in October 2007. I made several payments on the loan, but had not paid the loan off completely. Recently we defaulted on the loan, due to a bad financial situation, and were not able to make payments. I did try to make payments, but I had to put things like electricity and food before payday loan payments. I was contacted on June 2, and told that if I do not pay the balance by 4 PM that day ($300) they will proceed with a judgment against me. I told them that I was able to make payments of $100 every 2 week. They said there was absolutely no way they could hold the account and that "their hands were tied" as far as holding it another 5 days. They told me to "check my resources" and if I did not have the payment in by 4 PM, I would have to deal with the consequences. They also told me that they would no longer be able to discuss the debt with me, it would have to be my attorney (I do not have an attorney). I was told that my file would be sent out to the court if I did not have a payment in by 4 PM June 2. I told them there was no way I could make that payment that day, they hung up on me.
On Friday, June 6, I receive another call from them - even after telling me they could no longer hold the account, and that they would no longer be able to speak to me - asking again for the balance. Again I told them I could pay $100 every 2 weeks beginning June 15. They would not accept that arrangement, and insisted I pay $250 on the 13th and 20th of June. I told them I could absolutely not do that and again offered to pay $100 every 2 weeks, and was told no.
Today, June 10, I received another phone call at work. They are now leaving me voicemails saying that it is very urgent that I contact them before 4 PM today.
I know a little bit about laws and know that they cannot garnish my wages without a judgment. I also know they cannot send me to jail for not paying a payday loan. I am more than willing to pay this debt. I acknowledge that I owe it. I explained that I am willing to start paying $100 every 2 wks, but they would not accept that.
Is Loanshop all talk, or do they pursue judgments? What should I do - they will not accept my arrangements that I can afford and only offer large payment options. Should I just start sending in the money I can pay and see what happens?
Quote:Originally Posted by Anonymousyour company took 130.00 out
Quote:
Originally Posted by Anonymous your company took 130.00 out of my checking account on 10-01-2010. i have no idea who this company is but one thing asure is that the better bussiness burea will be contacting your company.you reject my calls and when you did answer a rep. was really rude and hung up on me |
Do you realize this is a public forum which offers advice to help people get out of debt? We are NOT affiliated with the company you are complaining about, contact them directly.
ok all this happened o me what do i do please help
ok all this happened o me what do i do please help
